FEAR & GREED | Business News Treasurer flags tax reform; ASX smashes 9000 barrier; Rebel theft 'out of control'
Aug 21, 2025
The Treasurer hints at upcoming tax reforms aimed at fairness and business growth, addressing tariff removals and new EV charges. The local sharemarket rejoices as it breaks the 9000-point barrier for the first time. Rebel Sport raises alarms over rampant theft, indicating a serious retail crisis. Concerns loom over Australia's housing market mismatches as smaller homes become essential. Meanwhile, Jerome Powell's anticipated speech stirs interest in the economic landscape, alongside direct flights reinitiating between India and China.
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Treasurer Flags Broad Tax Reform
- Treasurer Jim Chalmers signalled tax reform focused on intergenerational fairness, business investment and a simpler sustainable system.
- He left options open including changes to super concessions, family trusts and capital gains tax, possibly offset by lower income tax.
Two-Tier Company Tax Idea Still Alive
- The Productivity Commission's 5% cash-flow tax and two-tier company tax idea remains on the table as an option.
- Policymakers are weighing options that could change company tax interactions for firms under $1 billion turnover.
Prepare For Immediate Regulatory Changes
- Expect immediate policy moves like removing nuisance tariffs and fast-tracking environmental approvals for housing and energy.
- Monitor changes to construction codes and the planned road user charge for electric and hybrid vehicles to plan business impacts.